What is Revel? Revel is a social platform where people can create NFT collections of photos, videos, artwork, etc. and trade NFTs with unique perks. So what is Revel? Let’s find out in this article!
What is Revel?
Revel is a social platform where people can create NFT collections of photos, videos, works of art, etc. It is also a place to promote personal brands or buy and sell NFTs. The platform brings a new solution for Blockchain to reality.
The goal of the project is to become a platform that brings the best and extremely high quality social networking experience. The platform targets positive content, prohibiting bad content related to violence, sex, self-destruction, political incitement,…
When first joining the platform, everyone has the right to mint their own collection. The collection will include 3 photos or 3 videos for 3 different rarities, with a different number of versions for each rarity. The collection will include 16 versions:
- Unique Assets: This is the highest rarity and only has one copy.
- Rare Asset: This is a medium rarity, the asset will be minted in 5 versions
- Common Asset: This is the lowest rarity or common level, the asset will be minted in 10 versions.
A user collects 3 versions with 3 different rarities in 1 collection of 1 creator. That is, for each rarity, the user owns 1 NFT. At that time, users can lock those 3 NFTs to form a Series. The perk of owning a Series is receiving rewards when creators mint new collections. This reward will depend on the creator mentioned in advance.
When a user creates a Series, the creator of that collection has the right to mint a new collection. This issue also limits the user’s ability to mint collections. The main purpose of the platform in this regard is to limit users from minting garbage collections.
The owner of the NFT will be using it for personal purposes. That means you can view the content, resell the NFT, mortgage it, etc. But it will not be used for commercial purposes. Meaning the copyright value remains on those NFTs.
In addition, the platform also provides messaging services for everyone. But users can only message creators when they own their NFT. In this regard, it adds value to NFTs.
Joker is a PFP-style NFT that can be substituted for any Unique Asset on Revel, allowing users to complete a Series more easily. In other words, Joker is a card to solve the problem of restricting users from creating their own Favorite Series when there is only one Unique NFT per collection. Joker can be purchased for $R from the user’s profile or portfolio in the Revel.xyz app.
Ravel Dollar is a currency with the symbol $R. Used for currency exchange and buying and selling on the platform. This is the currency issued by the platform and has its own value.
The project is still working on integration with the Polygon network. That will help the platform connect to Web3, users can withdraw money as well as bring NFTs to trade on NFT Marketplaces.
Currently the project has an easy version for IOS and Android. The application ranks top in the NFT App segment. With more than 10 thousand downloads on CHplay and rated 5 stars on AppStore.
Mechanism of Action
Like other NFT Marketplaces, on the Revel platform there are 2 types of users as follows:
- Creator: An individual or organization that releases any images, videos, works of art, etc. For the purpose of commercializing assets as well as brands.
- User: These are people who can buy and own NFTs for personal use.
Development Roadmap
Updating…
Core Team
Shahar Nechmad: Co-Founder & CTO
- He started his first company, eDiet4u. Here he is both Co-Founder and CTO. His company specializes in designing and developing initial technology platforms for companies. His main job is to come up with a development plan and manage the group.
- He then moved to work for Microsoft Technology Center, Tel Aviv. The positions he has held while working here are Business Development Manager, Senior Consultant and Architect. He helped build new business strategies, customer programs and grew the team from 20+ people to 80+ in less than a year.
- In 2015, he went on to found Jasper, formerly CreditStacks. CreditStacks is a credit card and banking company in the United States. As Co-Founder and CTO, he is responsible for everything from ideating, architecting, and building the product to managing a team of developers across all platforms. And he also worked with this company for nearly 6 years.
- Galleria is a project he founded in late 2021. Gallerium helps showcase users’ NFTs and express their Web3 identities on other platforms. Currently, he is still active at Gallerium and is also Co-Founder, CTO of Revel.
Adi Sideman: Chief Executive Officer
- He graduated from New York University with a degree in Arts and Interactive Telecommunications. Initially, he studied Arts, but after completing the course, he continued to study a new major, Interactive Telecommunications.
- First, he founded Ksolo Karaoke after graduating, which was also his first startup. But then, for some reason Ksolo Karaoke was acquired by Fox Interactive/Myspace. 1 and a half years is the time he has been with Ksolo.
- After that, he continued to start a business with TargetSpot. Here he works as Co-Founder. After nearly 2 years of development, his company was sold to Shoutcast.
- Continuing with his employment experiences, he spent more than 20 years as CEO for Oddcast Inc and YouNow. Oddcast Inc is the company behind Elf-Yourself and dozens of UGC apps. And YouNow is the first mobile live streaming app in the United States, with more than 70 million registered users.
- Currently he is Co-Founder, CEO of Props. Props is an open-source protocol and SEC-qualified cryptocurrency token that allows users to generate profits through staking. And at the same time, he is also Chief Executive Officer at Revel.
Investors
December 19, 2022: Project Seed round successfully raised $7.8M led by DragonFly Capital, along with other investors such as Union Square Ventures, Sfermion, 6th Man Ventures, Alumni Ventures Group, Polygon Fund, WAGMI Ventures, Gaingels, Global Impact Ventures, Hansa.
Tokenomics
Updating…
Exchanges
Updating…
Revel’s Information Channel
- Website: https://www.revel.xyz/
- Twitter: https://twitter.com/RevelXyz
- Medium: https://medium.com/revelxyz
- Discord:
Summary
Revel is invested by Dragonfly Capital, this is also a potential project. But actually the project is still very empty of users. To achieve the project’s larger goals, it requires many community outreach strategies. The opportunity is still there because the market boom is still ahead.
So I have clarified what Revel is? Revel cryptocurrency overview. Hope this article gives you a lot of useful knowledge as well as a perspective on the project!
